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economy. >> congress wasn't just voting on a fiscal package. they were voting on whether or not they wanted the economy to slip into contraction in the first half of 2013. >> reporter: but, it's not clear the economy is in any better shape, as a result of the deal. >> overall , it should be a little bit of a drag. when tax rates go up, there will be less money around to spend. there will be a lower savings rate most likely. >> reporter: the budget bill raises the top marginal tax rate to 39.6%. those top earners will also pay higher taxes on their investments. but, many of those households will be able to absorb the tax increases by lowering their savings rates. the bigger concern is what happens to spending by lower and middle income consumers. the decision not to extend the payroll tax cuts for all workers, means the average household will have a thousand dollars less income this year. >> a lot of working class and middle income households do live paycheck to paycheck. so if suddenly those paychecks are 1% to 2% points lower, that doesn't see
economy. >> congress wasn't just voting on a fiscal package. they were voting on whether or not they wanted the economy to slip into contraction in the first half of 2013. >> reporter: but, it's not clear the economy is in any better shape, as a result of the deal. >> overall , it should be a little bit of a drag. when tax rates go up, there will be less money around to spend. there will be a lower savings rate most likely. >> reporter: the budget bill raises the top...
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Dec 27, 2012
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what will stocks do next year, how will the economy fare? and, what will be the nation's top spice or flavor? believe it or not, spicemaker mccormick and company issues an annual "flavor forecast," designed for restaurants and homes. suzanne pratt met with the man behind the tastes, mccormick's top chef, and got a close-up "smell". >> reporter: here's how american's spiced up their cooking in the past, a lot of salt, a dash of pepper and easy on the garlic. but, u.s. palates are expanding, and now include everything from smoked paprika to dukkah. that's right dukkah, what mccormick executive chef kevan vetter thinks will be a big hit with american tastebuds in the next few years. >> the dukkah is a spice blend made up of toasted nuts and toasted spices, very rich and savory. it's got a very rich texture aspect to it combination. the trend here that we're talking about is empowered eating. people are trying to be more thoughtful about what they're eating and make better choices. you know dukkah is a great example of something that could trans
what will stocks do next year, how will the economy fare? and, what will be the nation's top spice or flavor? believe it or not, spicemaker mccormick and company issues an annual "flavor forecast," designed for restaurants and homes. suzanne pratt met with the man behind the tastes, mccormick's top chef, and got a close-up "smell". >> reporter: here's how american's spiced up their cooking in the past, a lot of salt, a dash of pepper and easy on the garlic. but, u.s....
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and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the sequester-- $110 billion in automatic spending cuts in defense and domestic programs that begin at midnight. democrats want to postpone the cuts for a year or more. republicans for just a few months. >> i think there are some republicans who believe there is no other trigger that will force another full scale debate on spending. >> the president says taxincrea. cutting spenting next year. >> iif they think that is thefos thing they have another think coming. that is not how it's going to work. we have to do this in a balanced and responsible way. and if we are serious about debt reduction then it's going to be a matter of shared sacrifice. that outraged republicans that accused the republicans from moving the goalpost. >> the revenue that has beencams being used not to reduce deficit but to keep spending cogs that s that have been agreed to from not happening. >> suessy it looks like a source negotiating rig
and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the sequester-- $110 billion in automatic spending cuts in defense and domestic programs that begin at midnight. democrats want to postpone the cuts for a year or more. republicans for just a few months. >> i think there are some republicans who believe there is no other trigger that will force another full scale...
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. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletal they are talking about a bad deal in political terms. frankly it's republicans that are most worried ab
. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it...
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the fact that the stock market is up sometimes is a reflection of a strong economy. not always. the problem that i had with this bill is that it takes 3.9 trillion dollars of revenue off the table and it sets up 3 fiscal cliffs over the next few months. the only issues that we will be discussing is what to cut and how deeply to cut it. i actually believe that if the federal government can play a constructive role in society, we have an investment deficit in terms of education and skills training and research and innovation. we will not have the resources to be able to provide those kinds of services to the american public let alone to our children's future. >> when all the things that he mentioned that america needs to do not just in the short term, with these two new hurdles, but in the longer term, immigration, energy, all of the big things. washington cannot get anything done if we have had this kind of an absurd fight over this 1 deal. >> 1 of the things you will notice is that the house passed a bill on a bipartisan basis and sent them to the senate. the senate did not take
the fact that the stock market is up sometimes is a reflection of a strong economy. not always. the problem that i had with this bill is that it takes 3.9 trillion dollars of revenue off the table and it sets up 3 fiscal cliffs over the next few months. the only issues that we will be discussing is what to cut and how deeply to cut it. i actually believe that if the federal government can play a constructive role in society, we have an investment deficit in terms of education and skills...
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the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end th
the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have...
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Dec 28, 2012
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economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes an
economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >>...
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but the economy always gets in the way of foreign policy. about the only piece to foreign policy that made its way to the campaign is first president obama's often repeated claim that he had taken doubt osama bin laden. and the benghazi. there's a coverup going here. something's wrong. it ended up being the wrangled poor susan rice's poor talking points. but even under that one, there was a bigger picture and a bigger december lesson that we can draw, which is the fighting in libya that produced the attack on the american consulate is part of the very long aftermath of what we used to call the arab spring. john kerry said we shouldn't call it that. it's going to take longer than one spring. and the people who did it were not members of the old al-qaeda. they were an off-shoot. they were inspired by al-qaeda. osama isn't there anymore. and that it's -- and the old al-qaeda probably doesn't have the capability to do 9/11 anymore but the problem of extremism is still out there and we have a very long way to go. >> i was going to ask about one t
but the economy always gets in the way of foreign policy. about the only piece to foreign policy that made its way to the campaign is first president obama's often repeated claim that he had taken doubt osama bin laden. and the benghazi. there's a coverup going here. something's wrong. it ended up being the wrangled poor susan rice's poor talking points. but even under that one, there was a bigger picture and a bigger december lesson that we can draw, which is the fighting in libya that...
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." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> warner: five days and counting with plenty of tit-for- tat charges, but no agreement in sight. that, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january first. it would mean more than $600 billion in across-the-board tax increases and automatic spending cuts. >> come the first of this year, americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed. >> warner: this morning, the senate's democratic majority leader, harry reid, was blunt about chances for a
." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions...
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are we going to go the way of europe or are we going to try to stimulate the economy back into a more comfortable spot, rather than waiting for it to grow by inches as we've been doing. >> there were a lot of issues on the state ballot, and tyche, you can say governor brown put all his eggs in one basket, proposition 30, and it passed. what does he get. >> well, he gets forward momentum, which was really, i think, really in question for a while. there were folks saying, you know, if prop 30's polling below 60% of the vote that it's sunk, that you can't pass a tax measure with such a close margin. it ended up passing with a 55%-45% margin. and it really -- i think you were talking about voter turnout efforts. there was a very sophisticated effort for prop 30 and against prop 32 that would have restricted union political contributions, that had some union money behind it, and also a lot of organizations like voto latino, like mi familia, civic groups that are looking at engaging voters who are in many cases not regular voters and have been written off as we can't depend on them. and the
are we going to go the way of europe or are we going to try to stimulate the economy back into a more comfortable spot, rather than waiting for it to grow by inches as we've been doing. >> there were a lot of issues on the state ballot, and tyche, you can say governor brown put all his eggs in one basket, proposition 30, and it passed. what does he get. >> well, he gets forward momentum, which was really, i think, really in question for a while. there were folks saying, you know, if...
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Jan 3, 2013
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those health care costs are now 18% of total gross domestic product, the total economy. and those are we what we have to deal with and we have to get control over them. medicare is not the problem. medicare costs are going up because health care costs are going up. >> brown: doug, do you buy that? that that's where the emphasis should be instead of the -- as opposed to entitlements? >> well, i think there are three important points here. first, health care reform means medicare reform. medicare drives the practice of medicine in america. it's a system that rewards quantity over qualitoÑ it's a system that's fragmented, we pay doctors one way, hospitals another, insurance companies another, drug companies a fourth way. it needs to be overhauled so that it rewards quality and provides coordination so medicare reform is health care reform. the second is sort of how do we get there? i think it's important to recognize that this country often has the situation we have-- mixed government-- that's more and more an exception and when we do debt ceiling ceiling increases it is t
those health care costs are now 18% of total gross domestic product, the total economy. and those are we what we have to deal with and we have to get control over them. medicare is not the problem. medicare costs are going up because health care costs are going up. >> brown: doug, do you buy that? that that's where the emphasis should be instead of the -- as opposed to entitlements? >> well, i think there are three important points here. first, health care reform means medicare...
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that said, this economy has been plugging along. what steve is talking about are some really dangerous things. we're heading into another standoff over the debt ceiling. we all remember how that worked out in august 2011. it hurt business confidence. it floated the possibility of a federal government default. we had a credit downgrade of the u.s. credit rating. those were all things that undermind business confidence and made 2011 a worse year than it might have been. the next round of brinksmanship of negotiations we might see that again. let's hope this is a crisper series of negotiations that aren't quite as scary for business and the economy. >> woodruff: in a word, steve own, is that something members are prepared to do? >> i see a lot more brinksmanship. i think it could get very, vur ugly. we might get-- thaeft theor they it's going to take the markets freaking out again before they come up with another deal. >> woodruff: we'll only hope that's not going to happen. steven dennis, neil irwin, we thank you both. >> brown: and t
that said, this economy has been plugging along. what steve is talking about are some really dangerous things. we're heading into another standoff over the debt ceiling. we all remember how that worked out in august 2011. it hurt business confidence. it floated the possibility of a federal government default. we had a credit downgrade of the u.s. credit rating. those were all things that undermind business confidence and made 2011 a worse year than it might have been. the next round of...
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abe has called for bold measures to bolster japan's ailing economy. he previously served as prime minister from 2006 to 2007. russian lawmakers gave final approval today to a ban on americans adopting russian children. it's part of a series of reactions to a u.s. sanctions law targeting russian human rights abusers. in washington today, a state department spokesman called the ban misguided. and adoption groups in moscow said it would harm children most. >> ( translated ): today we don't have that number of russian families who are willing to adopt, and the children who go to adopted families abroad are the children that russian families wouldn't take. there must be at least five refusals by russian families for the child to go to foreign parents. for that reason i don't see within this law an improved situation for these children. >> holman: russian president vladimir putin defended the legislation last week, without saying directly that he would sign it. in economic news, a mastercard report said u.s. holiday sales so far have been the weakest since
abe has called for bold measures to bolster japan's ailing economy. he previously served as prime minister from 2006 to 2007. russian lawmakers gave final approval today to a ban on americans adopting russian children. it's part of a series of reactions to a u.s. sanctions law targeting russian human rights abusers. in washington today, a state department spokesman called the ban misguided. and adoption groups in moscow said it would harm children most. >> ( translated ): today we don't...
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Jan 1, 2013
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moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the old year ticked down today, and with it went any hope of meeting the midnight "fiscal cliff" deadline. house republicans opted not to hold any votes on the issue tonight. so-- officially, at least-- more than $600 million in tax hikes and spending cuts begin taking effect tomorrow. in the meantime, senate republicans and the white house continue working on a possible deal. . >> are running out of time. americans are still threatened with a tax hike in just a few hours. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense n
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the old...
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. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as far as the republicans concerned, there is that we will not give you a blank check. >> mitch mcconnell, the republican leader in the senate, said that he thought there was still time to avert what he called a budgetary fiscal crisis on tuesday the 31st. all of these attacks increases and spending cuts kick in. he is not very optimistic that the deal can be done. everybody is blaming each other. people in the senate have convened today, the house of rep is evidence, particularly the house of representatives. and as a lot of talking lot of brinkmanship, a lot of blame being traded and quite a lot
. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as far as the republicans...
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economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling as concern mounts that washington will fail to get a budget deal. the dow jones industrial average lost 158 points today, to close at 12,938. the nasdaq fell 25 points to close at 2,960. for the week, both the dow and the nasdaq fell 2%. sectarian tensions flared across iraq today as tens of thousands of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra had demonstrations as well. protesters took to the streets waving flags and signs. they chanted slog
economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling...
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ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls for calm in the troubled corners of the globe. thousands of the faithful greeted pope benedict xvi today at his cal bony overlooking st. peter's square. in that timeless setting, the pontiff issued a new appeal for an end to violence especially in syria. >> may peace be for the people of syria, deeply wounded and divided by a conflict which has not spared even the defenseless and reached innocent victims. >> ifill: p
ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by...
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economy that the world economy is so dependant upon. >> thank you so much for your analysis. >> the north korean leader delivered a surprise new year's message and promised plenty of change in 2013. >> he vowed to turn around the countries floundering economy and called for an tonight the long running feud with south korea. the first new years address by a north korean lead near 19 years. new years celebration have ended in tragedy in ivory coast. 60 have been killed and 200 injured during a stampede. >> crowds left a fireworks display. many of the victims were children. it is unclear what caused the disaster. >> let's have a change of pace and talk about last night's celebrations here in berlin. berlin was the place to be last night for new years. city hosted germany's biggest new years party. >> i am afraid i have to admit it happened without me but over a million dpended on the city to see several bands take to the stage followed by a fantastic fireworks display. >> let's take a look at how berlin and other big cities ushered in the new berlin welco. a million revelers for germany's bi
economy that the world economy is so dependant upon. >> thank you so much for your analysis. >> the north korean leader delivered a surprise new year's message and promised plenty of change in 2013. >> he vowed to turn around the countries floundering economy and called for an tonight the long running feud with south korea. the first new years address by a north korean lead near 19 years. new years celebration have ended in tragedy in ivory coast. 60 have been killed and 200...
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that is how our economy works best. that is how we grow. the sum total of all the budget agreement's we have reached so far proves that there is a mass goal, that it is possible if we focus not on our politics, but on what is right for the country. the one thing that i hope we will focus on in the new year is hoping we can put a package like this together with a little less drama, a little less of brinkmanship, not scare the heck out of focus as much. we can come together as democrats and republicans, cut spending, and raise revenue in a way that reduces our deficit helps our middle-class, provide ladders into the middle class for everyone who is working. we need to grow and compete. we can settle this debate not allow it to be so all-consuming all the time that it stops us from other challenges, creating jobs, fixing infrastructure, protecting our planet from the harmful effects of climate change boosting domestic energy production, protecting our kids from wars and gun violence. it is not just possible to do these things, it is an obligat
that is how our economy works best. that is how we grow. the sum total of all the budget agreement's we have reached so far proves that there is a mass goal, that it is possible if we focus not on our politics, but on what is right for the country. the one thing that i hope we will focus on in the new year is hoping we can put a package like this together with a little less drama, a little less of brinkmanship, not scare the heck out of focus as much. we can come together as democrats and...
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in 2013 what's you're outlook for the market stability and the broader economy? >> i think the market is finally realizing that it's kind of emerged from this long-term kind of uncertainty trade out there. the big picture questions are whether the central banks can kind of stabilize the system, whether, for example, china last year was going to go into a recession, whether europe can kind of keep it together through recession. i think we've gotten past through most of those things and i think it's slow and steady u.s. economic growth picture is probably the best bet, but i think it's going to feel better to the average person because of the component to that growth, meaning housing, autos, and finally jobs. looking like they're going a decent up spring. i think a slow and steady but feeling better than the past couple of years. >> it definitely does feel better. ezra, uncertainty seems to have been the theme this year. businesses don't like it. investors don't like it. how much uncertainty do you expect in 2013 for the political and for consumers? >> plenty. the
in 2013 what's you're outlook for the market stability and the broader economy? >> i think the market is finally realizing that it's kind of emerged from this long-term kind of uncertainty trade out there. the big picture questions are whether the central banks can kind of stabilize the system, whether, for example, china last year was going to go into a recession, whether europe can kind of keep it together through recession. i think we've gotten past through most of those things and i...
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that's how our economy works best. that's how we grow. the subtotal of all the budget agreements that we have reached so far proves that there is a path forward that it is possible. and if we focus not only on our politics, but on what's right for the country. and the one thing that i think hopefully in the new year will focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinkmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans, to cut spending and raise revenue in a way that reduces our deficit, protects our middle class, provides ladders into the middle class for everybody who is willing to work hard. we can find a way to afford the investments that we need to grow and compete. we can settle this debate for the very least not allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, p
that's how our economy works best. that's how we grow. the subtotal of all the budget agreements that we have reached so far proves that there is a path forward that it is possible. and if we focus not only on our politics, but on what's right for the country. and the one thing that i think hopefully in the new year will focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinkmanship, not scare the heck out of folks quite as much. we can...
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the european crisis has the image of the world economy. the sub from prices in 2008 -- the morgage crisis in 2008 damaged the world economy. it would affect everyone who exports to the united states. this is the last thing the world needs now, given the uneven economic recovery from the crisis the last few years. >> pakistan's taliban later appeared in a video calling for talks with the government. the group is not prepared to lay down its weapons before negotiations begin. >> he is the most wanted man in pakistan. the u.s. government has a five million-dollar bounty on his head. he has not been seen for nearly a year. his message is clear. >> we have never refused negotiations. we believe in all talks that are serious. if the dialogue is frivolous and they ask us to lay down our arms, this is not serious dialogue. >> the video, handed to the reuters news agency, was shot somewhere in north waziristan, close to the afghan border. a deputy denied persistent rumors among military officials of a split. >> our position of individuals and as an
the european crisis has the image of the world economy. the sub from prices in 2008 -- the morgage crisis in 2008 damaged the world economy. it would affect everyone who exports to the united states. this is the last thing the world needs now, given the uneven economic recovery from the crisis the last few years. >> pakistan's taliban later appeared in a video calling for talks with the government. the group is not prepared to lay down its weapons before negotiations begin. >> he is...
SFGTV2: San Francisco Government Television
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Jan 2, 2013
01/13
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SFGTV2
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energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the leaders of the italian american associations are gathered today, mr. mayor, and senator assembly man and board of supervisors is here to celebrate with us and ramona blackwell who with the committee of the italians abroad and elected body and we will need your support and it's not just top down but bottom up. we're are open to your ideas and suggestions. we want it to a great celebration and people are in charge and in power and they will also run the show. that's our objective. by the way also have guests from outside california and salt lake city -- i don't know where he is because i can't see anything wi
energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the...
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Dec 30, 2012
12/12
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WGN
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the economy is growing. keeping it that way means that the folks to send to washington have to do their jobs. >> senator mitch mcconnell was seen arriving on capitol hill hours after congressional leaders met with obama. >> we will be working hard to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> missouri senator ray blunt says that politicians on both sides have irresponsibility, but tax hikes will not do much to address the nation's debt. >> it will not pay one-third of the annual interest now on this massive $16 trillion debt. >> the house returns to washington sunday evening when the before a deal needs to be reached. it is likely that negotiators will be burning the midnight oil. >> a 23-year-old indian woman who was raped and viciously beaten in new delhi has died from her injuries. her body is being flown back to new delhi from singapore were she was being treated. in an unprecedented display of grief and anger, protesters are mourning her death. the victim, a medical stu
the economy is growing. keeping it that way means that the folks to send to washington have to do their jobs. >> senator mitch mcconnell was seen arriving on capitol hill hours after congressional leaders met with obama. >> we will be working hard to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> missouri senator ray blunt says that politicians on both sides have irresponsibility, but tax hikes will not do much to address the nation's debt....
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Dec 29, 2012
12/12
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KGO
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so it looks like the economy has been gathering up some strength. >> and what would this do to it? >> create a headwind. it would basically give people another reason not to spend and hire. >> and it's no way to run a popsicle stand, is it? >> doesn't seem like it. >> but in washington, they just can't seem to get it done, which given the stakes here, is weird. >> outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines. the notion that our elected leadership can't do the same thing is mind boggling to them. and needs to stop. >> we'll believe it when we see it. >>> on that happy note, thanks for watching abc news. we hope you check in for "good morning america." they're working while you're sleeping. we're always online at abcnews online. have a great weekend, everyone. >> dicky: up next on "jimmy kimmel live" -- >> thanksgiving is about going home to your family and doing dirty things in your childhood bed. >> dicky: ryan seacrest. >> jimmy: who do you think is the worst
so it looks like the economy has been gathering up some strength. >> and what would this do to it? >> create a headwind. it would basically give people another reason not to spend and hire. >> and it's no way to run a popsicle stand, is it? >> doesn't seem like it. >> but in washington, they just can't seem to get it done, which given the stakes here, is weird. >> outside of washington, nobody understands how it is that this seems to be a repeat pattern over...
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the economy gets bad, and then everybody suffers. this is -- this tax hike, it's really people making under under and $13,000 will see a flat 2 percent increase in taxes because of the payroll tax. if you make of hundred thousand they're going to be paying two and a dozen more in taxes than you did last year. this payroll tax that they you been getting used to, it's going bye-bye. you're going to pay more. i think people see that in a paycheck that started the year. it does have a psychological effect. dramatically alter consumer behavior. >> take somebody making $50,000 a year and you give them a thousand dollars, that's meaningful. you take a thousand dollars away and that's also a meaningful and is exactly what this, it's amazing that they can characterize this as a tax cut when they have literally increase taxes on everybody. i think when you look at the spendable dollars, the dollar's the people have to spend, people that can hit the worst by 90 percent of american workers that it -- report less than 112,000 year in texas. the b
the economy gets bad, and then everybody suffers. this is -- this tax hike, it's really people making under under and $13,000 will see a flat 2 percent increase in taxes because of the payroll tax. if you make of hundred thousand they're going to be paying two and a dozen more in taxes than you did last year. this payroll tax that they you been getting used to, it's going bye-bye. you're going to pay more. i think people see that in a paycheck that started the year. it does have a psychological...
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Dec 31, 2012
12/12
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FBC
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it is their economy for sure. so i think that you're going to sea real problem in 2013 and 2014, but i do think it's obama's economy now. the republicans passed the tax cuts for one group, let's say all the wy through, not the very top group, , i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly at the beginning of the campaign. the democrats were the repuican -- the democrats or the republicans, which party led the discussion to the enduring that of the middle class sure enough, president obama shifted to a middle-class message that resonated, if only at the margin that was sufficient for victory. are the republics learned anything here? are they going to start talking about working men and women? working class and the american dream. >> i think they are. i think the presidential race s a real problem. because it wa
it is their economy for sure. so i think that you're going to sea real problem in 2013 and 2014, but i do think it's obama's economy now. the republicans passed the tax cuts for one group, let's say all the wy through, not the very top group, , i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly...
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economy. >> congress wasn't just voting on a fiscal package. they were voting on whether or not they wanted the economy to slip into contraction in the first half of 2013. >> reporter: but, it's not clear the economy is in any better shape, as a result of the deal. >> overall , it should be a little bit of a drag. when tax rates go up, there will be less money around to spend. there will be a lower savings rate most likely. >> reporter: the budget bill raises the top marginal tax rate to 39.6%. those top earners will also pay higher taxes on their investments. but, many of those households will be able to absorb the tax increases by lowering their savings rates. the bigger concern is what happens to spending by lower and middle income consumers. the decision not to extend the payroll tax cuts for all workers, means the average household will have a thousand dollars less income this year. >> a lot of working class and middle income households do live paycheck to paycheck. so if suddenly those paychecks are 1% to 2% points lower, that doesn't see
economy. >> congress wasn't just voting on a fiscal package. they were voting on whether or not they wanted the economy to slip into contraction in the first half of 2013. >> reporter: but, it's not clear the economy is in any better shape, as a result of the deal. >> overall , it should be a little bit of a drag. when tax rates go up, there will be less money around to spend. there will be a lower savings rate most likely. >> reporter: the budget bill raises the top...
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where do you see ahead for the economy? could news that the federal reserve will stop printing money? >> the definition of stop printing money, will have to see what that means. they'll do a lot of it this year a couple of trillion sitting on the balance sheets that could be released into the economy. what they continue to do is weakened the dollar. we have uncertainty about the dollar which means it's easy for the government to finance its debts. the company has no problem the credit, but it may still small and medium-sized businesses cannot get reliable flow of credit to expand and finance their operations which is why job creation has been pitiful. gerri: and dodd-frank killing the small banks. that's where you would turn for the money. >> even though it prints money, regulators go in to banks and make it clear, if you make a lung you better pay for that six with to some they are we will squeeze you. they keep telling banks to raise capital requirements, do this and that. laws don't get me the way they should then mortga
where do you see ahead for the economy? could news that the federal reserve will stop printing money? >> the definition of stop printing money, will have to see what that means. they'll do a lot of it this year a couple of trillion sitting on the balance sheets that could be released into the economy. what they continue to do is weakened the dollar. we have uncertainty about the dollar which means it's easy for the government to finance its debts. the company has no problem the credit,...
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and that is why the economy is failing. neil: the economy is stumbling. nothing seems to be happening, but ralph nader has got a plan. one day he says e will get companies hiring and fast. getting people spending soon. >> nonfinancial companies are sitting on over a trillion dollars of shareholders cash. the investors cash. a lot of them are not giving adequate evidence. some of them like google and emc giving no dividends. if they can be pressured by pension nds to unload a cup and billion dollars into the economy, people would spend it. they don't like the tax penalty for it. would you give them a tax holiday? you have to put it to use and do something? >> they tried that in 2004 and they brought back hundreds of villains. they put the murders and bonuses and what we have to do is recognize the president obama is not an economic dictator. the federal reserve can bring interest industry rates much lower. so we have to go to these two other areas are overwhelming support of inflation adjusted minimum wage. >> i'm not alone in an environment like this, how
and that is why the economy is failing. neil: the economy is stumbling. nothing seems to be happening, but ralph nader has got a plan. one day he says e will get companies hiring and fast. getting people spending soon. >> nonfinancial companies are sitting on over a trillion dollars of shareholders cash. the investors cash. a lot of them are not giving adequate evidence. some of them like google and emc giving no dividends. if they can be pressured by pension nds to unload a cup and...
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Dec 29, 2012
12/12
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the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and then we'll freak out and do something more stupid. >> you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick the can an entire year with all of these things and pushed the whole thing the next holiday season and holiday sales like this year, i think the market would go up, wall street is happy with pushing the problem down the road even though it should be addressed sooner than that. i don't think it's good for the stock market in the short run to solve these deficit problems. maybe we can keep rates 0 low and basically get money or nothing basically. >> steve? >> this is absolutely right. everybody thinks that 4 trillion dollars is going to wreck the economy somehow. these cuts are very small in terms of the overall size of the economy. plus, p
the economy is right on that precipice. if we were to just take a shot into, you know, the back side here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and then we'll freak out and do something more stupid. >> you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick the can an entire year with all of these things and pushed the whole thing the next holiday...